Friday, 25 May 2012 18:19

Japanese Buyers Line Up for U.S. Shale Gas

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"Not everyone agrees. Critics such as Rep. Ed Markey (D., Mass.) say the U.S. shouldn't sell natural gas abroad when the fuel could be used to keep prices low at home. Opponents cite a government study earlier this year suggesting exports could cause domestic prices to rise by double-digit percentages.

One major barrier remains: Sempra and some other U.S. companies hoping to export liquefied natural gas, or LNG, don't yet have permission from the U.S. Department of Energy to ship to countries such as Japan that lack free-trade agreements with the U.S. Sempra, a San Diego-based utility owner, has submitted a request and hopes for approval by the end of the year."

-- An improvement on nuclear waste?  Looks like we'll find out. -- Jenna Orkin

Wall Street Journal article


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